Adjustment of corporate real estate during a period of significant business change

Research output: Contribution to conferenceAbstractAcademic

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Abstract

There has been considerable debate in CRE research on models of alignment of the CRE portfolio with the business strategy. This paper seeks to understand what alignment actually existed during the financial crisis and recession between 2007 and 2014. The period in question was one of significant disruption to the business environment, resulting in changes to the strategy for businesses. Rather than consider alignment models that could be adopted the paper considers what actually happened and whether there was evidence of dynamic alignment of the CRE portfolio as a consequence of changes to the business.
The relationship between business performance and the CRE Portfolio is examined through seeking evidence with data from yearly reports for the correlation of financial and property data and various Key Performance Indicators relating to Effectiveness, Efficiency and Flexibility.
The ability to adjust the CRE portfolio to reflect changes to the business strategy, which in itself is adjusting to a different business environment, is essential. Without that ability to realign the CRE portfolio, a business will be financially hampered. It is important to understand whether that process does take place and the significant changes to the business
Original languageEnglish
Pages54
Number of pages1
Publication statusPublished - 29 Jun 2017
Event24th Annual European Real Estate Society Conference (ERES 2017) - Delft University of Technology, Delft, Netherlands
Duration: 28 Jun 20171 Jul 2017
Conference number: 24
http://2017.eres.tudelft.nl/prog_overview.html

Conference

Conference24th Annual European Real Estate Society Conference (ERES 2017)
Abbreviated titleERES 2017
CountryNetherlands
CityDelft
Period28/06/171/07/17
Internet address

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Business change
Alignment
Real estate
Business environment
Business strategy
Business performance
Disruption
Key performance indicators
Financial crisis
Recession

Keywords

  • Corporate Real Estate
  • Dynamic Alignment

Cite this

Cooke, H., Appel - Meulenbroek, H. A. J. A., Arentze, T. A., & de Vries, B. (2017). Adjustment of corporate real estate during a period of significant business change. 54. Abstract from 24th Annual European Real Estate Society Conference (ERES 2017), Delft, Netherlands.
Cooke, H. ; Appel - Meulenbroek, H.A.J.A. ; Arentze, T.A. ; de Vries, B. / Adjustment of corporate real estate during a period of significant business change. Abstract from 24th Annual European Real Estate Society Conference (ERES 2017), Delft, Netherlands.1 p.
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Cooke, H, Appel - Meulenbroek, HAJA, Arentze, TA & de Vries, B 2017, 'Adjustment of corporate real estate during a period of significant business change', 24th Annual European Real Estate Society Conference (ERES 2017), Delft, Netherlands, 28/06/17 - 1/07/17 pp. 54.

Adjustment of corporate real estate during a period of significant business change. / Cooke, H.; Appel - Meulenbroek, H.A.J.A.; Arentze, T.A.; de Vries, B.

2017. 54 Abstract from 24th Annual European Real Estate Society Conference (ERES 2017), Delft, Netherlands.

Research output: Contribution to conferenceAbstractAcademic

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T1 - Adjustment of corporate real estate during a period of significant business change

AU - Cooke, H.

AU - Appel - Meulenbroek, H.A.J.A.

AU - Arentze, T.A.

AU - de Vries, B.

PY - 2017/6/29

Y1 - 2017/6/29

N2 - There has been considerable debate in CRE research on models of alignment of the CRE portfolio with the business strategy. This paper seeks to understand what alignment actually existed during the financial crisis and recession between 2007 and 2014. The period in question was one of significant disruption to the business environment, resulting in changes to the strategy for businesses. Rather than consider alignment models that could be adopted the paper considers what actually happened and whether there was evidence of dynamic alignment of the CRE portfolio as a consequence of changes to the business.The relationship between business performance and the CRE Portfolio is examined through seeking evidence with data from yearly reports for the correlation of financial and property data and various Key Performance Indicators relating to Effectiveness, Efficiency and Flexibility. The ability to adjust the CRE portfolio to reflect changes to the business strategy, which in itself is adjusting to a different business environment, is essential. Without that ability to realign the CRE portfolio, a business will be financially hampered. It is important to understand whether that process does take place and the significant changes to the business

AB - There has been considerable debate in CRE research on models of alignment of the CRE portfolio with the business strategy. This paper seeks to understand what alignment actually existed during the financial crisis and recession between 2007 and 2014. The period in question was one of significant disruption to the business environment, resulting in changes to the strategy for businesses. Rather than consider alignment models that could be adopted the paper considers what actually happened and whether there was evidence of dynamic alignment of the CRE portfolio as a consequence of changes to the business.The relationship between business performance and the CRE Portfolio is examined through seeking evidence with data from yearly reports for the correlation of financial and property data and various Key Performance Indicators relating to Effectiveness, Efficiency and Flexibility. The ability to adjust the CRE portfolio to reflect changes to the business strategy, which in itself is adjusting to a different business environment, is essential. Without that ability to realign the CRE portfolio, a business will be financially hampered. It is important to understand whether that process does take place and the significant changes to the business

KW - Corporate Real Estate

KW - Dynamic Alignment

M3 - Abstract

SP - 54

ER -

Cooke H, Appel - Meulenbroek HAJA, Arentze TA, de Vries B. Adjustment of corporate real estate during a period of significant business change. 2017. Abstract from 24th Annual European Real Estate Society Conference (ERES 2017), Delft, Netherlands.